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Mphasis Ltd down for fifth straight session
Mphasis Ltd is quoting at Rs 2106.7, down 0.4% on the day as on 13:19 IST on the NSE. The stock tumbled 18.99% in last one year as compared to a 4.93% slide in NIFTY and a 26.5% fall in the Nifty IT index.
India's mid-tier IT firms narrow new business gap with the larger rivals
Coforge, Mphasis and five similar companies saw growth moderate, but their decline in new business in FY26 was slower than that of the country’s six largest software exporters, which include the likes of Tata Consultancy Services (TCS) and Infosys.
Mphasis shares gain after Q4 results, board recommends final dividend of ₹62
Mphasis' revenue in US dollar terms was up 2.6% to $462 million compared to $451.4 million in the previous quarter. Its total contract value (TCV) was at $407 million in the March quarter compared to $390 crore in the previous year and $428 crore in the previous quarter.
Q4 Results Highlights: Indegene profit falls 32%, RPG Life revenue up 24%
Q4 Results Highlights: Major companies including Bajaj Finance, Adani Power, Vedanta, MOIL, Mphasis, Navin Fluorine, Waaree Energies and Bandhan Bank reported their Q4 earnings on Wednesday, while a host of financial, energy and midcap firms also announced results, keeping markets active ahead of a holiday-shortened week.
Mphasis acquires Theory and Practice Business Intelligence to boost decision intelligence capabilities
Shares of Mphasis Ltd ended at ₹2,421.10, up by ₹5.45, or 0.23%, on the BSE.
Midcap IT stocks see gains of up to 14% led by Firstsource, Sonata Software
Firstsource Solutions led the pack, surging 14% — its biggest single-day gain since December 2020. Coforge rose 4%, while Mphasis advanced 2% during the session.
IT stocks barring Wipro fall up to 4% on renewed AI fears; Here are some recent developments
The Nifty IT index has gained 9% so far this month, with Midcap IT outperforming its largecap peers. Shares of Mphasis, LTIMindtree, Coforge, and Persistent Systems have gained between 12% to 16%, while largecap names like TCS, HCLTech and Wipro have gained between 9% to 10% so far in April.
Nifty IT lags again after sharp fall, but March stability raises hope worst may be priced in
Abhishek Pathak of Motilal Oswal prefers HCLTech and Tech Mahindra among large-cap IT stocks, while highlighting Coforge and Mphasis as attractive midcap picks, citing strong deal visibility, better valuations, and higher agility in adapting to AI-led changes.
Buy Mphasis; target of Rs 3100: Motilal Oswal
Motilal Oswal is bullish on Mphasis recommended buy rating on the stock with a target price of Rs 3100 in its research report dated May 31, 2026.
IT shares extend gains to 3rd day on strong dollar; Coforge, Mphasis, Infosys rise up to 6%
IT index rose about 4 percent during the session and was the top sectoral gainer on the Nifty.
Buy Mphasis; target of Rs 3100: Motilal Oswal
Motilal Oswal is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 3100 in its research report dated April 30, 2026.
Buy Mphasis; target of Rs 2625: Choice Institutional Equities
Choice Institutional Equities is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 2625 in its research report dated April 30, 2026.